MAJORITY

10.21.11

Murdochs Reappointed to News Corp. Board

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Rupert Murdoch and his sons, Lachlan and James, came out on top after a shareholders' vote on Friday following News Corp.'s annual meeting in Los Angeles. They were all re-elected to News Corp.'s board of directors, along with the other remaining members. News Corp. declined to reveal the tally, but said the results would be filed with the SEC next week. While several shareholders had openly called for Murdoch's ouster, they new the odds were against them. Murdoch's family controls 40 percent of voting stock and a close ally holds an additional 7 percent. In order for the family to be dismissed from the board, nearly every other shareholder in the company would have had to vote against them.